Miranda, California Property Taxes
The median property tax rate in Miranda, CA is 1.14%, higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Miranda, the typical annual property tax bill reaches $2,426, slightly below the national median of $2,690. Property taxes in Miranda are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Miranda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Miranda or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Miranda, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,442
$2,266
Ownwell’s Miranda Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Miranda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Miranda to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Miranda, California
Property taxes in Miranda, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miranda is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Miranda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miranda estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Miranda's effective property tax rate to other counties in California and the national median. For comparison, the 95553 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Miranda provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miranda Tax Rate
1.14%
Average Humboldt County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miranda, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95553 | 1.11% | 1.12% | 1.14% | 1.17% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Miranda, California
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Miranda, California. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Humboldt County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Miranda, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median home price in Miranda is $214,168, with tax bills ranging from $1,120 at the 25th percentile to $5,106 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Miranda Assessed Value
$214,168
Average Humboldt County Assessed Value
$227,816
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miranda, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95553 | $39,794 | $93,522 | $214,168 | $328,089 | $455,714 |
Source: Ownwell
Property Tax Bills Across Miranda, California
In Miranda, Humboldt County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value, reflecting its worth on the open market. Homeowners in Miranda can expect a median property tax rate that aligns closely with the national median of 0.99%. Several factors influence the final tax bill, including the assessed value of the property and any applicable exemptions or deductions. In Miranda, the median home price is $214,168, which can result in varying tax bills. For instance, the 25th percentile tax bill is around $1,120, while the 75th percentile reaches up to $3,696, and the 90th percentile goes as high as $5,106. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Miranda Tax Bill
$2,426
Average Humboldt County Tax Bill
$2,486
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Miranda, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95553 | $563 | $1,120 | $2,426 | $3,696 | $5,106 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Humboldt Tax Assessor | |
| Website | common1.mptsweb.com |